I work and get paid cash i have no choice but to get paid cash i know that it should be chck so t can be taxed who gets in trouble if im caught?
2007-08-22 18:54:10 · 8 answers · asked by Samuel 1 in Politics & Government ➔ Law & Ethics
If you do not claim it you are both guilty of various tax code violations, including evasion (felony). Claim it at the end of the year and pay the tax on it then. It may be a good idea to find out what tax bracket you're in and start saving. For example, if you made 30,000 this year, or are on pace to do so, then about 15 % (check with you're tax advosor) of that will go to the federal govt or 4500 dollars will be what you owe them when you file taxes at the end of this year. Plus the money you owe to the state which will be another few hundred. Good luck and start saving now.
2007-08-22 19:25:57 · answer #1 · answered by zebj25 6 · 1⤊ 0⤋
By paying you in cash, he is 'keeping you off the books' which means that the tax people don't know about you. It is so he saves money on taxes through tax evasion. By putting you 'on the books' he might be trying to avoid suspicion from the tax officials by getting his business affairs looking legitimate. He is NOT losing money by paying you cash. If anything he is MAKING money by paying you in cash, because he doesn't have to pay any benefits. In fact, he might be avoiding paying you a higher wage that you are legally entitled to. I would contact the tax authorities anonymously and seek some advice. Start looking for a better job, one with an employer who isn't so keen to screw the wages system and potentially you as well. I had a boss like that. She'd pay me and then ask for it back to 'float the till' until the end of the day, which meant I always had to have all my pay on me. Not good. So I got a better job. Best wishes
2016-05-20 07:06:14 · answer #2 · answered by ? 3 · 0⤊ 0⤋
Both the employer and the employee have to pay taxes (the employer withholds money, and you send in your tax form). So if you file your tax return and declare all your income, you aren't doing anything wrong. Obviously the employer isn't withholding and giving you a W-2, so he would be breaking the law.
2007-08-22 19:36:54 · answer #3 · answered by Anonymous · 2⤊ 0⤋
Both of you if you don't pay the taxes on it to the IRS; its called income tax evasion. Keep in mind income tax evasion was the only charge they were able to pin on Al Capone and what put him in prison, where he died.
You are also screwing yourself out of Social Security that your employer is to contribute and if you are laid off or fired unjustly, unless you have a full-time job in the past 18 months that payed into unemployment compensation insurance, you won't be able to collect.
2007-08-22 20:12:36 · answer #4 · answered by bottleblondemama 7 · 1⤊ 0⤋
As long as you declare all of your income on your tax forms, you have done nothing wrong. Otherwise, both of you are breaking the law.
2007-08-22 18:59:35 · answer #5 · answered by smartr-n-u 6 · 1⤊ 0⤋
Mostly the employer, if you don't want to get in trouble you should report it because if you hide you are also guilty.
2007-08-22 19:00:45 · answer #6 · answered by GREGORIOUSITY 5 · 0⤊ 0⤋
if you get caught, do the American thing and blame someone else; your employer. Look at all the illegal workers in America- I don't think you'll get caught.
2007-08-22 19:26:31 · answer #7 · answered by keve 3 · 0⤊ 1⤋
Both of you. Not giving the Government its cut is like not giving the mob its cut.
2007-08-22 19:06:20 · answer #8 · answered by Stefan 1 · 0⤊ 0⤋